BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m. The move brings BCA one step closer to its goal to become the UK’s leading one-stop shop for automotive services for OEMs, dealers and leasing companies. The acquisition of Paragon comes just one year after BCA Marketplace, the company behind Webuyanycar.com, bought Eddie Stobart’s automotive logistics business Autologic for £16m, rebadging it BCA Automotive. Paragon bought Autologic’s automotive after-sales division from Stobart […]
The MD of Bishopsgate, a two-man delivery and installation firm, has described the purchase of Allport Cargo Services’ Specialist Services division in June as “a massive step” forward for the business.
DX Group has entered an agreement to sell its Business Direct operations to ByBox Field Services by 21 December, disposing of its overnight parts distribution service.
Stobart is still restructuring the former Innovate business it acquired out of administration in 2008 – a process that has been “more challenging, costly and further reaching than first planned”. The admission came as Stobart Group revealed profit rose 10% at its transport and distribution division (Eddie Stobart) to £14.2m in the first six months ended 31 August. This was despite a 5.6% fall in turnover to £251.1m. “We have improved our margins in [Eddie Stobart] through more effective financial […]